The Federal Housing Finance Agency (FHFA) released a report outlining roughly 50 recommendations for the Federal Home Loan Bank (FHLB) System.

One recommendation that’s particularly relevant concerns the types of collateral credit unions can pledge when they borrow from FHLBs, says FHLB Council President/CEO Ryan Donovan, who rejoins the CUNA News Podcast.

In this episode, sponsored by the FHLB Council, Donovan outlines the report’s key findings and recommendations, and potential implications for credit unions.

You can listen to the CUNA News Podcast on Apple Podcasts, Google Podcasts, Spotify, and YouTube.

In this episode:

0:46: Episode intro

1:27: Intro to Ryan Donovan and FHLB

2:09: Why is Donovan back so soon?

2:40: Donovan's thoughts on the FHFA report

6:48: FHFA report beginning of 10 year process

8:01: What the FHFA will tackle first

11:41: What CUs should be concerned about

14:08: How CUs and FHLB can work together